Juniper Hotels, a leading luxury hotel development and ownership company, is gearing up for its much-anticipated Initial Public Offering (IPO) to raise Rs 1,800 crore. With a robust portfolio of seven hotels and serviced apartments across major Indian cities, including Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, Juniper Hotels boasts a strategic partnership with Hyatt Hotels Corporation.
The IPO, opens for subscription from February 21 to 23, exclusively offers newly issued shares, contributing to the company’s growth. The offering includes a reserved 10% for retail investors, ensuring broad participation. Juniper Hotels plans to use the raised funds to retire existing debts and support general business purposes, offering flexibility for expansion and new opportunities. This strategic move comes on the heels of Juniper Hotels’ impressive fiscal year 2023, witnessing doubled revenue from operations and a substantial reduction in net loss.
Overseen by leading financial institutions, including JM Financial Limited, CLSA India Private Limited, and ICICI Securities Limited, the IPO is poised to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), providing investors an exciting opportunity to be part of India’s dynamic hospitality sector.
